Axiata likely to reject Keppel-led offer for Singapore mobile firm M1

FILE PHOTO: A woman with an umbrella passes an M1 sign in Singapore April 7, 2017. REUTERS/Edgar Su/File Photo

Malaysia’s Axiata Group Bhd, the biggest shareholder in M1 Ltd, is likely to reject an offer that valued the Singapore mobile operator at up to S$1.9 billion ($1.4 billion), a source with direct knowledge of the matter said.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Should your colleagues be reading this article too? Contact us for corporate subscriptions at subs@dealstreetasia.com.